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Dear John,
A new study published by the Fraser Institute today finds that higher levels of economic freedom lead to much higher incomes and much better health, in addition to other benefits.
But what is economic freedom?
When people enjoy more economic freedom, they are able to make more of their own economic choices rather than bureaucrats, politicians and regulators.
How do we measure economic freedom?
Each year, the Economic Freedom of the World project measures economic freedom in 165 jurisdictions worldwide. The index has been used in hundreds of studies assessing the effect of economic freedom on the wellbeing of people.
How does economic freedom affect our lives?
According to the research, people who live in the most economically-free countries earn about seven times more money than people who live in the least-free places. They also live 16 years longer and are 35% more satisfied with their lives. Their environments are cleaner and their governments are less corrupt. They’re more likely to trust and tolerate others.
Simply put, higher levels of economic freedom make life better, especially for society’s most vulnerable.
Learn more by checking out the full study here.
Sincerely,
Niels Veldhuis
President
The Fraser Institute
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